Jefferies Financial Group Analysts Give Dollarama (TSE:DOL) a C$180.00 Price Target

Jefferies Financial Group set a C$180.00 price target on Dollarama (TSE:DOL) in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Desjardins raised their price target on Dollarama from C$150.00 to C$160.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Canaccord Genuity Group increased their target price on Dollarama from C$146.00 to C$168.00 in a research report on Friday, April 4th. National Bankshares raised shares of Dollarama from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$156.00 to C$166.00 in a report on Friday, March 28th. Scotiabank increased their price objective on shares of Dollarama from C$150.00 to C$175.00 in a report on Friday, April 4th. Finally, Stifel Nicolaus boosted their target price on shares of Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Dollarama presently has a consensus rating of “Moderate Buy” and a consensus target price of C$164.50.

Dollarama Price Performance

Shares of TSE:DOL opened at C$161.74 on Thursday. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The firm has a 50-day simple moving average of C$148.68 and a 200 day simple moving average of C$144.20. Dollarama has a fifty-two week low of C$111.10 and a fifty-two week high of C$174.22. The company has a market cap of C$44.70 billion, a PE ratio of 41.19, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 9th will be given a dividend of $0.1058 per share. The ex-dividend date of this dividend is Thursday, April 17th. This is a boost from Dollarama’s previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a dividend yield of 0.26%. Dollarama’s dividend payout ratio (DPR) is 9.42%.

Insider Activity

In other news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of Dollarama stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of C$160.00, for a total value of C$4,480,000.00. Insiders own 2.23% of the company’s stock.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.